AbstractThe work on the safety and environment for the Next European Torus (NET) is being performed within the European Fusion Technology Safety and Environment Programme by the NET team and under NET contracts.In the area of NET-oriented investigations concerning waste management and disposal, Studsvik is concentrating on the operational waste from both NET and ITER (International Thermonuclear Experimental Reactor).This paper gives a characterization and quantification of the radioactive waste generated from the operation of ITER during the Physics Phase, and from the replacement of all blanket segments (European shielding blanket option) at the end of the Physics Phase after an integrated first-wall loading of 0.03 MWy/m2.The total activity contents and volumes of packaged waste from the Physics Phase operation and from the blanket replacement are estimated.The waste volume from replacement of the shielding blanket segments of ITER is considerably larger than estimated in earlier calculations for NET [1–3] due to the fact that the ITER conceptual design [4] includes more of the steel shielding in the removable segments.The waste handling and disposal are described using existing Swedish and German concepts for similar waste categories from nuclear fission reactors. This includes the choice of suitable packagings, intermediate storage time for cooling, and type of repository for final disposal. Some typical cost figures for waste handling are also presented.